Post by: PocketOption on Jul 16, 2024, 11:03 am
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, the short impact on global markets after last week’s shocking assassination attempt on former US President Donald Trump which has increased his prospects of winning the ticket to the White House in this upcoming November’s US Presidential Election according to betting markets. Traders are now reopening to play book of “Trumponomics”.
Secondly, the Hong Kong benchmark stock indices started the week on a weak footing as China Q1 GDP and retail sales for June missed expectations which brings in the focus of China’s key close door economic summit; the 3rd Plenum that is being held from 15 July to 18 July on whether top policy makers will crave out more forceful stimulus measures to address the lackluster state of internal demand in China.
Lastly on the radar, we will receive the latest consumer inflation trend in the UK on Wednesday, 17 July and on Thursday, the outcome of ECB monetary policy decision, unlikely to cut but the focus will be on ECB President Lagarde press conference for guidance on the timing of the next rate cut in Eurozone.
Source: Market Insights Podcast - China 3rd Plenum, UK inflation and ECB are the focus for this week (https://www.marketpulse.com/podcasts/market-insights-podcast-china-3rd-plenum-uk-inflation-and-ecb-are-the-focus-for-this-week/kwong?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed)